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South pacific course on central banking

This March 2006 course was held over 3 days and discussed challenges and issues surrounding monetary policy.

Past Event
Tuesday, 28 February 2006 to Thursday, 02 March 2006
9:00 am - 5:30 pm
Brackenridge Country Retreat, Martinborough, Wairarapa

Programme for 28 February

Morning session

Governance and structures: autonomy and accountability
Presented by: Simon Gray

Independence and functionality: resource allocation in a small central bank
Presented by: Simon Gray and Melanie Lund

Afternoon session

Monetary policy: exchange rate regimes and inflation targeting
Presented by: Mario Blejer

Programme for 1 March

Morning session

Trade-offs and choices of monetary policy regimes for the SPI
Presented by: Participant presentations

Monetary policy implementation: goals and instruments
Presented by: Simon Gray

Afternoon session

Current challenges in monetary policy implementation
Presented by: Participant presentations

Issues in foreign exchange reserves management
Presented by: Simon Gray

Managing foreign exchange reserves: the practice
Presented by: Reserve Bank of New Zealand and participants

Programme for 2 March

Morning session

Where is financial stability and how do central banks achieve it?
Presented by: Melanie Lund

The role of the central bank in a financial crisis
Presented by: Mario Blejer

Afternoon session

Is there a trade-off between financial stability and economic growth?
Presented by: Melanie Lund

Strengthening the financial infrastructure
Presented by: Melanie Lund